Shares of General Motors Co. were losing more than 6 percent in the early morning trading on the NYSE after the automajor reported Tuesday weak sales volume in its second quarter, mainly in China, and trimmed its fiscal 2024 earnings forecast on a reported basis. However, the company raised its annual adjusted earnings view after...
With prices reaching a new record high, the National Association of Realtors released a report on Tuesday showing existing home sales in the U.S. plunged by more than expected in the month of June. NAR said existing home sales dove by 5.4 percent to an annual rate of 3.89 million in June after falling by...
The euro declined against its major counterparts in the New York session on Tuesday. The euro dropped to near a 2-week low of 1.0844 against the greenback, 6-day low of 0.8397 against the pound and near a 5-week low of 169.14 against the yen, off its early highs of 1.0896, 0.8426 and 171.09, respectively. The...
Euro area consumer confidence strengthened for a sixth month in a row in July as households look forward to, yet another interest rate cut from the European Central Bank in September. The flash consumer confidence index rose to -13.0 from -14.0 in June, survey data from the European Commission showed Tuesday. Economists had expected a...
The Hong Kong stock market rebounded on Monday, one session after snapping the two-day winning streak in which it had picked up more than 50 points or 0.3 percent. The Hang Seng Index now rests just above the 17,635-point plateau and it\'s expected to see additional support on Tuesday. The global forecast for the Asian...
The Indonesia stock market has moved higher in two of three trading days since the end of the three-day losing streak in which it had stumbled more than 100 points or 1.4 percent. The Jakarta Composite Index now sits just above the 7,320-point plateau and it may add to its winnings on Tuesday. The global...
Ahead of Monday\'s holiday for Asarnha Bucha Day, the Thai stock market had turned lower again - one session after ending the three-day slide in which it had given up more than a dozen points or 0.8 percent. The Stock Exchange of Thailand now rests just beneath the 1,320-point plateau although it\'s expected to open...
Indian shares may open flat to slightly higher on Tuesday as investors react to firm global cues and await the presentation of the Union Budget 2024 for impetus. Finance Minister Nirmala Sitharaman will be presenting her seventh consecutive Union Budget in a row at 11 am today, with big-ticket announcements in key sectors such as...
GE Aerospace (GE), previously General Electric Co., reported Tuesday net income attributable to common shareowners for the second quarter of $1.27 billion or $1.15 per share, compared to a net loss of $25 million or $0.02 per share in the prior-year quarter. Earnings from continuing operations attributable to common shareowners were $1.32 billion or $1.20...
First BanCorp (FBP), the bank holding company for FirstBank Puerto Rico, on Tuesday reported that its second-quarter net income attributable to common shareholders increased to $75.84 million or $0.46 per share from $70.66 million or $0.39 per share in the year-ago period. On average, five analysts polled by Thomson Reuters expected the company to report...